Tech's hottest IPOs of the year, including Beyond Meat and Zoom, dropped on Monday, falling more than the broader market.Technologyread more
Sen. Bernie Sanders announced a plan Monday to forgive the country's $1.6 trillion outstanding student loan tab, intensifying the higher education policy debate in the 2020...Personal Financeread more
"We do not seek conflict with Iran or any other country," Trump tells reporters in the Oval Office.Politicsread more
While earnings usually come in substantially ahead of expectations — as much as 4 or 5 percentage points is not unusual — the downward direction in the outlook doesn't speak...Earningsread more
"We missed being the dominant mobile operating system by a very tiny amount. We were distracted during our antitrust trial. We didn't assign the best people to do the work,"...Technologyread more
PatientsLikeMe was bought by UnitedHealth following a review by Trump's Treasury Department, which scrutinized the start-up because it's backed by Chinese cash.Technologyread more
Some traders think the energy rally is about to wane, despite the sector being one of June's big winners.ETF Edgeread more
Stocks with this one feature are poised to crush the market after a rate cut, according to Goldman Sachs.Marketsread more
An Air Canada passenger traveling to Toronto from a weekend in Quebec City found herself stranded alone on the tarmac and in the dark, in what she described as a "nightmare."Airlinesread more
When Victoria's Secret exited the swimsuit business in 2016, it opened the floodgates for start-ups to conquer that market.Retailread more
U.K. online bank Monzo raised $144 million in a fresh round of funding led by the U.S. start-up accelerator Y Combinator.Technologyread more
Shares of Deutsche Bank and Commerzbank slipped after a report in the Financial Times stated that the former is in talks to raise as much as 10 billion euros ($11.2 billion) in fresh equity to support their potential merger.
The report published Thursday, citing people familiar with the talks, said executives from Deutsche Bank have been looking at a plan to raise equity of between 3 billion euros and 10 billion euros.
Shares of Deutsche Bank slipped nearly 4 percent, while Commerzbank slipped more than 2 percent. According to the FT, the capital increase is expected to equal 40 percent of the two German lenders' combined market capitalization.
"To be clear, there have been no discussions in the Management Board of Deutsche Bank about a capital increase in relation to the potential Commerzbank transaction. Any speculation of this kind is wrong. Furthermore, we have not even decided whether to do a transaction with Commerzbank at all.", a spokesperson from Deutsche Bank told CNBC Thursday.
Back in 2007, Deutsche Bank had its own balance sheet of 2 trillion euros ($2.25 trillion) and a market capitalization of nearly 50 billion euros, compared to Commerzbank's relatively humble total assets of 270 billion euros and a market cap of 17 billion euros. Over the last 10 years that gap has narrowed.
Deutsche Bank has lost 600 billion euros of its assets and is down more than 60 percent in terms of market capitalization. Commerzbank on the other hand has gained around 100 billion euros or so in its total assets but lost half its market cap.
A merger would give Deutsche Bank and Commerzbank access to nearly 1.9 trillion euros of total assets.
Shares of Deutsche Bank and Commerzbank are both down more than 35 percent over a 12-month period.